Coin Press - Economy

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Markets swing after Wall St losses as traders weigh US rates outlook

Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.

Gabon early results show voters back new constitution

Gabon's military rulers announced their new constitution had been overwhelmingly approved in a referendum, according to provisional results it published Sunday, marking a new chapter for the oil-rich African nation.

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Central banks face 'difficult balancing act': IMF chief

Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday.

US nuclear plant Three Mile Island to reopen to power Microsoft

Three Mile Island, the site of America's worst nuclear accident, will restart operations to provide power to Microsoft, Constellation Energy announced Friday.

Stock markets fall after Fed-fuelled rally

US and European stock markets retreated on Friday following a rally and records triggered by a jumbo US interest rate cut this week.

Top Hezbollah commander 'killed' in Israel strike

A source close to Hezbollah in Lebanon said an Israel air strike Friday killed one of its top military leaders, with Israel confirming it had carried out a "targeted strike" in Beirut.

Israel-Hezbollah exchanges intensify on Lebanon border

Israel said Hezbollah fired dozens of rockets from Lebanon on Friday following overnight air strikes which destroyed dozens of launchers after its leader vowed retribution for deadly sabotage attacks on its communications.

Global stock markets diverge after global rally

Global stock markets diverged and the dollar was mixed against main rivals Friday following an equities rally triggered by a jumbo US interest rate cut this week.

China to 'gradually resume' seafood imports from Japan after Fukushima ban

China said Friday that it would "gradually resume" importing seafood from Japan after imposing a blanket ban in August last year over the release of water from the disabled Fukushima nuclear plant.

Israel pounds Lebanon's Hezbollah after device blasts

Israel said it pounded Lebanon's Hezbollah, just hours after the group's leader vowed retribution for deadly explosions that targeted its communication devices, killing 37 people and wounding thousands.

Bank of Japan leaves key interest rate unchanged

The Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets.

Asian markets track Wall Street record to extend global rally

Asian markets built Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of Japan policy decision later in the day.

Strike shows challenge to Boeing 'reset' of labor relations

In his first day at Boeing, Kelly Ortberg visited the factory floor to speak with workers on the 737 MAX program, part of the new CEO's effort to "reset" labor relations.

Japan inflation firms to 2.8% ahead of BoJ rate decision

Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged.

Sales of US existing homes slip slightly in August

Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry.

S.Africa's HIV research power couple says fight goes on

Through decades of pioneering work on fighting the spread of infectious diseases such as HIV, South African public health power couple Quarraisha and Salim Abdool Karim are credited with saving thousands of lives.

US Fed rate cut is 'very positive sign' for economy: Yellen

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

Israel bombs Hezbollah strongholds in Lebanon after wave of deadly blasts

Israel bombed Hezbollah strongholds in southern Lebanon on Thursday, piling pressure on the militant group after two waves of explosions targeted its communications systems, killing 37 people.

Bank of England freezes rate after jumbo US cut

The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.

Stock markets rally after jumbo US rate cut

Asian and European stocks markets rallied and the dollar showed some weakness Thursday after the Federal Reserve announced a bumper interest-rate cut and pledged further reductions as inflation cools.

Equity markets rally after jumbo US rate cut

Asian markets rallied Thursday after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.

Equity markets, yen rally after jumbo US rate cut

Asian markets rallied Thursday and the yen hit a two-week high after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.

Hong Kong probe finds Cathay Airbus defect could cause 'extensive' damage

The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Cathay Pacific flights in early September could have escalated into "extensive damage", according to a Hong Kong probe released Thursday.

Japan firm says no longer makes radio reportedly used in Lebanon blasts

Japanese firm Icom said Thursday that it had stopped producing the model of radios reportedly used in recent blasts in Lebanon around 10 years ago.

Boeing to start large-scale furloughs with Seattle strike talks stalled

Boeing said Wednesday it would start furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that shuttered Seattle manufacturing plants -- while talks with a union stalled.

Japan walkie-talkie maker says investigating after Lebanon blasts

Japanese firm Icom said Thursday that it was investigating after media reported that two-way radio devices bearing its logo exploded in Lebanon.

Tokyo surges on weak yen as Asian traders cheer big US rate cut

Tokyo's Nikkei led Asian markets higher Thursday as the yen hit a two-week high after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.

UK campaigners in green energy standoff reject 'nimby' label

With its medieval church and picturesque village green, the tranquil hamlet of Friston in eastern England should be an unlikely place for a showdown with the UK government and an energy giant.

China's 'full-time dads' challenge patriarchal norms

Cooking, cleaning, caring for the kids during the day, Chen Hualiang takes on household tasks many Chinese fathers tend to leave to their wives, bucking a deep-rooted patriarchal tradition and even inspiring a hit TV show.

Some Cubans depend on sugar water as food shortages bite

Subsidized food, without which most Cubans would not eat at all, is becoming ever more scarce and expensive as the government, battling sanctions, struggles to pay for imports.

New migraine drugs no better than cheap painkillers: big study

New, more expensive migraine drugs are no more effective against the throbbing headaches than traditional painkillers, and even performed worse than an older range of treatments called triptans, said a massive global analysis Thursday.

Sean 'Diddy' Combs again denied bail in sex trafficking case

Rap mogul Sean "Diddy" Combs will remain imprisoned pending trial on racketeering and sex trafficking charges, after a judge denied his appeal Wednesday.

US Fed makes aggressive rate cut, weeks before election

The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the Covid-19 pandemic, sharply lowering borrowing costs just before November's presidential election.

India coal expansion risks massive methane growth: report

India's plans to expand coal mining could double emissions of the potent greenhouse gas methane from its domestic coal sector by 2029, threatening its climate goals, a report warned Thursday.

Coin Press - Economy (English)